Fidelity Sustainable's market value is the price at which a share of Fidelity Sustainable trades on a public exchange. It measures the collective expectations of Fidelity Sustainable Global investors about its performance. Fidelity Sustainable is selling for under 4.20 as of the 27th of November 2024; that is 0.48 percent increase since the beginning of the trading day. The etf's lowest day price was 4.18. With this module, you can estimate the performance of a buy and hold strategy of Fidelity Sustainable Global and determine expected loss or profit from investing in Fidelity Sustainable over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Fidelity
Fidelity Sustainable 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Sustainable's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Sustainable.
0.00
10/28/2024
No Change 0.00
0.0
In 30 days
11/27/2024
0.00
If you would invest 0.00 in Fidelity Sustainable on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Sustainable Global or generate 0.0% return on investment in Fidelity Sustainable over 30 days.
Fidelity Sustainable Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Sustainable's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Sustainable Global upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Sustainable's standard deviation. In reality, there are many statistical measures that can use Fidelity Sustainable historical prices to predict the future Fidelity Sustainable's volatility.
Currently, Fidelity Sustainable Global is not too volatile. Fidelity Sustainable secures Sharpe Ratio (or Efficiency) of 0.0818, which denotes the etf had a 0.0818% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fidelity Sustainable Global, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Sustainable's Mean Deviation of 0.3339, downside deviation of 0.5522, and Coefficient Of Variation of 1043.16 to check if the risk estimate we provide is consistent with the expected return of 0.0388%. The etf shows a Beta (market volatility) of 0.0218, which means not very significant fluctuations relative to the market. As returns on the market increase, Fidelity Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Sustainable is expected to be smaller as well.
Auto-correlation
-0.64
Very good reverse predictability
Fidelity Sustainable Global has very good reverse predictability. Overlapping area represents the amount of predictability between Fidelity Sustainable time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Sustainable price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Fidelity Sustainable price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.64
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
0.0
Fidelity Sustainable lagged returns against current returns
Autocorrelation, which is Fidelity Sustainable etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Sustainable's etf expected returns. We can calculate the autocorrelation of Fidelity Sustainable returns to help us make a trade decision. For example, suppose you find that Fidelity Sustainable has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Fidelity Sustainable regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Sustainable etf over time.
Current vs Lagged Prices
Timeline
Fidelity Sustainable Lagged Returns
When evaluating Fidelity Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Sustainable etf have on its future price. Fidelity Sustainable autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Sustainable autocorrelation shows the relationship between Fidelity Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Sustainable Global.
Regressed Prices
Timeline
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